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Asian Paints Q3 result preview: PAT may jump 70-100% from previous quarter

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Asian Paints Q3 result preview: PAT may jump 70-100% from previous quarter

Experts expect Asian Paints Ltd on Jan. 20 to report strong double-digit year-over-year volume growth for the December quarter, which, combined with price hikes during the period, could lead to a revenue increase of about 25%, it said.

They also expect revenue for India’s largest decorative paint maker to rise 20% from the previous quarter.

However, rising input costs could impact margins and cause EBITDA (earnings before interest, tax, depreciation and amortization) margins to decline year-over-year. On a sequential basis, margins are expected to improve.

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The brokerage expects the Mumbai-based company to report consolidated profit after tax (PAT) of Rs 1,000-1,215 crore, up 70-100% quarter-on-quarter. Each year, PAT is expected to drop by 2-20%.

The company reported a consolidated profit of Rs 1,238 crore compared to consolidated revenue of Rs 6,788 crore a year earlier. Profit in the previous quarter was Rs 596 crore against consolidated revenue of Rs 709.6 crore.

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Discretionary product companies such as Asian Paints are expected to see a strong rebound in overall results as a lot of pent-up demand is unleashed this quarter.

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In addition, a strong festive period and a busy wedding season are expected to help the company perform well in the quarter.

Brokerage firm Phillip Capital’s survey of dealers across India states that “the company will report strong volume growth of 25 percnet+ in 3QFY22, driven by four factors: (1) market share gain, (2) The premiumization trend remained unchanged, (3) dealers increased inventories due to sharp price increases in the middle of the quarter, and (4) ancillary areas such as putty and waterproofing showed strong traction.”

The brokerage expects revenue to rise about 35% year-on-year to Rs 9,334 crore on the back of strong volume growth and price hikes.

Rising crude oil prices and higher but stable titanium dioxide prices will continue to impact input costs, which brokerage Phillip Capital expects to rise 45% year-on-year.

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This will result in a 443 basis points (bps) year-on-year decline in EBITDA margin for the quarter to 21.9%, with EBITDA of around Rs 2,045 crore compared to Rs 1,788 crore in the same period last year.

Phillip Capital expects net profit to rise 18% year-on-year to Rs 1,459 crore.

Other brokerages, however, are more conservative in their forecasts. JM Financial expects volume growth of 12%, with an average realized increase of 15%.

Complete News Source : moneycontrol

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Hollywood

Days After Experiencing Health Issue, Madonna Spotted Having Fun with a Friend

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Days After Experiencing Health Issue, Madonna Spotted Having Fun with a Friend

Los Angeles, July 10, 2023: Pop icon Madonna, who recently faced a health issue, was seen enjoying a leisurely outing with a close friend, displaying her resilience and spirit. Just days after the health concern made headlines, the legendary singer was spotted having a fun-filled time, reaffirming her dedication to living life to the fullest.

Madonna, known for her energetic performances and iconic music career, made headlines when news of her health issue emerged. Concerned fans expressed their well wishes and hopes for her speedy recovery. However, the global superstar has shown her indomitable spirit by venturing out for some leisure time with a dear friend.

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The singer was seen in a relaxed and cheerful mood, as she and her friend indulged in laughter and shared light-hearted moments during their outing. Madonna’s positive demeanor and enthusiasm were evident, reaffirming her determination to overcome any obstacles that come her way.

The photographs of Madonna enjoying herself and being in good spirits serve as a testament to her resilience and commitment to living life to the fullest. Despite the health issue she faced, the iconic singer refuses to let it dampen her spirits or hinder her zest for life.

Madonna’s ability to find joy in the midst of challenges resonates with her millions of fans around the world. Her determination and unwavering spirit continue to inspire and serve as a reminder to prioritize one’s well-being and embrace moments of happiness, even in the face of adversity.

As fans continue to show their support and send messages of love and encouragement to Madonna, her recent outing stands as a symbol of hope and strength. The pop icon’s resilience serves as a source of inspiration for her fans, reminding them to stay positive and embrace the joy that life has to offer.

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Madonna’s ability to bounce back and enjoy life with a friend after experiencing a health issue showcases her unwavering spirit and unwavering commitment to her well-being. Her fans eagerly await further updates on her health and look forward to witnessing her return to the stage, where she will undoubtedly continue to captivate audiences with her incredible talent and indomitable spirit.

Just days after experiencing a health scare that had fans worried, pop icon Madonna was spotted having a great time with a close friend, showcasing her resilience and positive spirit. The singer, who recently made headlines due to her hospitalization, appeared to be in high spirits as she enjoyed a casual outing.

Madonna, who had been experiencing serious health issues, had taken some time off from the public eye to recover, leaving her fans concerned about her well-being. The health scare was reportedly linked to a bacterial infection, which required her to undergo a brief stay in the hospital. Despite the challenging period, the 65-year-old singer reassured her followers with a message expressing gratitude for the love and support she received from fans worldwide.

In her latest public appearance, Madonna was seen in a relaxed setting, engaging in lighthearted conversation with a friend. The images of the two enjoying their time together brought relief to her fans, who had been anxiously awaiting an update on her recovery. Madonna’s playful demeanor and smile demonstrated her return to form, as she looked both carefree and at ease.

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Madonna has always been known for her unrelenting work ethic and ability to bounce back, and this latest appearance proves that she’s not backing down easily.

#Madonna #HealthRecovery #PopIcon #Resilience #FunOuting #CelebrityNews #PositiveVibes #GratefulHeart #MadonnaUpdate #HealthJ

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